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Small Business Think Tank [This Network is not currently active and cannot accept new posts] | | Topics
AIG OutrageViews: 166
Apr 08, 2009 2:28 am re: re: re: re: : re: AIG Outrage

Kurt Schweitzer
"Think of how many lives or jobs and homes that bonus money could save and then tell me it's ok."

As I understand it, the AIG bonus money adds up to somewhere in the neighborhood of $165 million. (That's Million, with an 'M', not Billion with a 'B'.)

According to the U.S. Census Bureau the poverty threshold for a single individual under age 65 was $11,201 in 2008. A little math says that the bonus payments are equivalent to 14,730 people at the poverty level.

The bonuses were being distributed to 168 people according to a CBS report, so those people are receiving a little less than $1 million each on average. That same report puts the largest payment at around $4 million.

According to a CNN report there were 2.6 million jobs lost in the U.S. in 2008. The bonus money would result in a poverty level income to 1/2 of one percent of them.

A rational analysis of the AIG bonus money shows that, big as it is in dollar terms, it is insignificant when compared to the economic situation.

Yes, I'd like to have $165 million, or even $1 million. It would help my life immensely, but in terms of the country as a whole it is NOTHING!

Get over it!

Kurt Schweitzer
Urban Village Scooters

Private Reply to Kurt Schweitzer (new win)

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